Huge MM to MM cross trades at .0002 - I believe VN
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Posted On: 02/23/2017 12:28:27 PM
Huge MM to MM cross trades at .0002 - I believe VNDM is selling convertible debt to other MMs who will keep inventory for profit on later runs.
VNDM will sell at .0003 provided people hit the ask - which is better than him selling at .0002 because it allows flipping to start in parallel and the ask to thin out.
I expect to see large buys at .0003 in the days ahead to start moving ICNM up again. We have seen before on ICNM/HIPH/SPRV how 135M can disappear in minutes when deep pocket flippers decide to buy 50M per 100M per second.
VNDM will sell at .0003 provided people hit the ask - which is better than him selling at .0002 because it allows flipping to start in parallel and the ask to thin out.
I expect to see large buys at .0003 in the days ahead to start moving ICNM up again. We have seen before on ICNM/HIPH/SPRV how 135M can disappear in minutes when deep pocket flippers decide to buy 50M per 100M per second.
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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